Property Services (Regulation) Act 2011

60.

Prohibition on provision of financial services, etc.

60.— (1) A licensee shall not provide a financial service to a purchaser of land where the licensee provides a property service to the vendor of the land unless—

( a) the licensee has, before the sale concerned, by notice in the specified form informed the vendor of the licensee’s intention to provide a financial service to the purchaser and the vendor has, before that sale, stated in writing that he or she has no objection to the licensee so providing a financial service, and

( b) the licensee has, before that sale, by notice in the specified form informed the purchaser that the licensee is providing a property service to the vendor and the purchaser has, before that sale, stated in writing that he or she has no objection to the licensee so providing a property service at the same time that the licensee may provide a financial service to the purchaser.

(2) Nothing in this Act shall be construed to—

( a) affect the operation of any provision of the Consumer Credit Act 1995, any other statutory provision or any rule of law, in its application to a person who is a licensee, or

( b) relieve a person who is a licensee of any obligations the person may have under any such provision or any rule of law.